Guernsey signs two further Double Taxation Agreements

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Guernsey has completed two further bilateral Double Taxation Agreements with Mauritius and the Seychelles - taking the total current number of comprehensive Double Taxation Agreements to ten.

Guernsey's Minister for Treasury and Resources, Deputy Gavin St Pier, signed an agreement with the Republic of the Seychelles' in London on 27 January 2014. The Agreement was co-signed with the High Commissioner for the Seychelles, HE Ms Marie-Pierre Lloyd.

Guernsey's Minister for Commerce and Employment, Deputy Kevin Stewart, signed an agreement with the Republic of Mauritius in London on 17 December 2014. The Agreement was co-signed with the High Commissioner for Mauritius, HE Mr. A. Kundasamy.

Deputy St Pier commented:

"Since 2011, Guernsey has worked closely with member states of the Southern African Development Community to support those countries' ability to protect their tax revenue. These two DTAs are further illustration of that work, which is in line with the development aims of many organisations, not least the G8 and the OECD."

Deputy Stewart commented:

"Our links with countries such as Mauritius and the Seychelles are important. Not only do they have growing finance centres, but also island jurisdictions with whom we share many challenges, and can exchange expertise. Both jurisdictions complimented us on our tax transparency leadership. We reiterated our message that transparency has strengthened our competitiveness."